TO GOOD TO BE TRUE?I had to comment on the post by NICK
(PEREGRINE DIAMONDS WAS TOO GOOD TO BE TRUE AT .45, now I sit at $1.50 and it was higher .... and it will be at $5-$10 by 2010/2011-can't you see this one too?????)
First of all, WZR is a publicly-traded venture capital investment DO YOU UNDERSTAND THE CONCEPT OF VENTURE CAPITAL AND SEEKING ALPHA?
WZR IS SEEKING ALPHA-
Canada is unique in that respect, because here in the States there is no longer the SPOKANE, DENVER, SALT LAKE CITY EXCHANGES, which used to host some of these VENTURE CAPITAL PLAYS (MINING, OIL AND GAS)
FORTUNES ARE WON AND LOST. AS RICK RULE HAS SAID: "IF EVERY GOLD MINE PROSPECT WENT INTO PRODUCTION, THEN GOLD WOULD BE $2 AN OUNCE"
IN THE US, YOU HAVE TO BE AN ACCREDITED INVESTOR TO DO THE PRIVATE PLACEMENTS .... which can be just as high risk (cures for cancer, Texas oil and gas, coal to gasoline adventures, start-up businesses, etc. )
WZR is a start-up, so of course, the founders RISKED 10 MILLION CANADIAN out of the gates, as did WESTERN OIL SANDS with some 80 million or so
THIS IS EDUCATED GAMBLING, THERE IS A DIFFERENCE
Warren Buffett is not going to touch this with a ten foot pole, why should he?
but I will cause I am looking to GROW AND GROW FAST
I must be willing to LOSE ALL THE CAPITAL I PLACE IN
DO YOU WANT TO PAY $125,000 for a well in PENNSYLVANIA'S OIL COUNTRY that will probably produce 10 barrels a day (give or take) over the long haul, with 10-20-30% OR MORE to the LEASEHOLDER?
Nick, you and I can do that deal too .....BUT DO YOU WANT TO?
So you see, everything is a gamble, walking down the street or the church aisle is a gamble ....
Everthing but watching paint dry, and that's what WARREN is good at
ulysess
330-559-5865